What's Hot: The 5 Zip Codes in the Maryland Suburbs With the Highest Home Price Appreciation in 2024
Two-Year Extension Sought for 85-Unit Development at DC-Maryland Border
✉️ Want to forward this article? Click here.
In 2015, a planned-unit development (PUD) was approved to replace a shopping center at the corner of Wheeler Road and Barnaby Street SE. Now, the developer is seeking another extension for the project.
Washington Business Group has applied for an extension to the PUD order, which approved an 85-unit building with 15,566 square feet of commercial space at 4129 Wheeler Road SE (map). Sited in the Washington Highlands neighborhood a few blocks from the DC-Maryland border, the project would be roughly a mile from the St. Elizabeths redevelopment at the Congress Heights Metro.
The 85 residential units, which include three-bedrooms, would be affordable to households earning up to 60 percent of area median income and are configured to accommodate disabled persons. The seven-story building is designed by SGA Companies and would also include a penthouse fitness center, lounge, yoga room and children's playroom.
story continues below
loading...story continues above
Since approval, the application notes that the developer has had difficulties securing financing and development partners, citing a still-reluctant developing environment in Wards 7 and 8.
"Although a large number of projects in DC have been able to secure financing, east of the river has continued to be sluggish and uncertain due to a number of factors, including economic uncertainties, depressed leasing activity, slow/no job opportunities," the application states. The developer is also in the midst of negotiating leases with the existing shopping center tenants.
If approved, the developer would have until April 2021 to apply for building permits.
See other articles related to: east of the river, planned unit development, pud, sga companies, washington business group, washington highlands, zoning commission
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/two-year-extension-sought-for-85-unit-development-in-washington-highlands/15357.
Most Popular... This Week • Last 30 Days • Ever
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... read »
Today, we take a closer look at home insurance.... read »
The new project is just the latest affordable development to move forward in DC.... read »
The beautiful four-story property, with three renovated units offering more than $200... read »
The nearly 12,000 square-foot McLean house of the former Washington Nationals pitcher... read »
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- A Look at What is Covered By Home Insurance
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market
- Stephen Strasburg's McLean Home Sells For $8.55 Million
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro